RE:RE:RE:High GradingCassidyLestat wrote: TXRogers wrote: JRafflesUK wrote: The overall NI 43-101 resource at Beatons Creek is based on 2.53 g/t.
Spot sampling in the link below has revealed grades up to 3.5 g/t.
Will Novo be seeking to high grade ore delivery to the mill in Q1 of 2021. If so, a grade increase of ~ 1g/t (39% above the NI 43-101 grade of 2.53 g/t), could significantly increase earnings?
Source:-
https://thewest.com.au/business/public-companies/novo-eyes-substantial-beatons-creek-resource-upgrade--c-1370827 The mineralisation at Beatons Creek is hosted within the shallowly dipping M1 and M2 conglomerate reefs, which the company has now traced across the regional Grant Hill fault. A recently completed program of mapping and sampling has demonstrated that these units can be traced for several kilometres to the west of the existing resource, with spot sampling of these lodes returning grades of 2.1 g/t, 3.5 g/t and 2.7 g/t gold.
Well JR, I believe we will continue to encounter the Concrete Nature of the Paradox even at Beatons Creek. It's the nature of coarse gold distribution in the conglomerate host. Or shall we say, it's "scattering".
About 6 yrs ago, a quite revealing glimpse at Beatons was presented by Novo. Prior to their 43-101 statistical developments, the open pit model, and prior to sorting developments.
https://www.novoresources.com/_resources/news/2015-02-09.pdf
The above analysis and mining techniques propose a course of action on how to pursue stratified reef mining at Beatons Creek. Novo's most recent Whittle Shell open pit model is another variation on addressing the ore zone containing those reefs in a conventional open pit operation.
As for grades: We can see the paradox that drilling reveals in a coarse gold landscape. Drilling on its own cannot effectively determine grade distribution within the ore body.
So reading the 2015 Novo report above, we can understand how Novo progressed to where we are today.
It is very interesting on explaining some earlier strategies and observations led to the actions and planning of today.
Tx
Well Tx, I hate to disappoint all the retards on this board, but Cass is actually a Nvo supporter. I do hope they make money because making money is what its all about. Yes I am a skeptic. But I hope Im wrong.
Cass
bup:)
I highly suspect that "the retards" on this board are not too overly concerned.
Retardation is often one of the advantages in successful speculative investing.
Who else would attempt it? Haven't you noticed?
Tx